Rossputin.com

Last week, the NY Times ran a front page article laying out potential financial damage to Denver Public Schools from a bond issuance done in early 2008 by the school district under the leadership of Michael "Who?" Bennet and Tom Boasberg. The Bennet ca… more »

Sure, it's useful to have a Republican rear end in "Ted Kennedy's" Senate seat, and will be even more useful if it ends that Republicans have a one seat majority in the Senate following the next elections -- a long-shot but not impossible outcome. But… more »

H/T Christopher Sanders In this disturbing piece for RealClearMarkets.com, Diana Furchtgott-Roth explains how her search for derivates-related provisions in the Dodd-Frank Financial Regulation power grab turned up an even more indisious landmine, typic… more »

It's beginning to look a lot like yesterday:  S&P 500 stock index futures were trading in a relatively narrow range, down about 2 points from yesterday's close, with about an hour until the market open.  Then, the Labor Department released its weekly… more »

Yesterday was a brutal day for the market, blasting through my first downside target of 10,000 on the Dow Jones Industrial Average and closing right at (just one point above) my second target of 1040 on the S&P 500. (To be clear, I didn't come up wi… more »

This morning, the stock market opened very weak following a major sell-off in Chinese stocks overnight. Just before the market's opening, S&P 500 futures were down about 13 points, about 1.25%. The market weakened from there, and then was hit… more »

Unfortunately, the Supreme Court's ruling that part of the Sarbanes-Oxley Act is unconstitutional won't be enough to take down the entire horrible law.  Please see my discussion of today's Court decision at the American Spectator:http://spectator.org/blo… more »

Last night, the House of Representatives on a 219-206 vote passed the DISCLOSE Act, their latest assault on free speech rights of everyone but unions.  It's their push-back against the long overdue ruling in Citizens United, a ruling which overturned som… more »

The stock market opened the day Wednesday (6/23/10) essentially flat but was hit fairly hard soon after the opening by news of a 33% plunge in new home sales for the month of May, far worse than the 19% drop which had been expected due to the end of gove… more »

I'm taking the day off from political blogging because my brain is always fried on expiration Thursday and Friday and I need to keep what little mental capacity I have left to try to make a few bucks on what are usually the two busiest trading days of th… more »